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EUR/USD and GBP/USD Forecast — March 13th 2019

March 13, 2019 at 17:37by K. Prabhu

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the March 13th session.

EUR/USD — The Tuesday session saw the market to rally and this was due to the ECB Press Conference. So, short-term pullbacks are seen as buying opportunities. The market is near the bottom of the consolidation zone. So, it looks like the market will slowly grind its way towards the top of the consolidation zone.

GBP/USD — The pound fell on Tuesday session wiping out the gains from previous sessions. This was due to the Brexit vote once again got rejected in the British Parliament and the Brexit deal by Theresa May was not accepted. With the uncertainties surrounding the Brexit, watch out for headlines, and play accordingly.